The U.S. Securities and Exchange Commission classified Canton's token, Canton Coin, as a digital commodity in a no-action letter responding to Canton's request for regulatory clarity

From the articleSEC division views Canton Coin as digital commodity in no-action letterAlso in SEC Grants No-Action Relief for Canton Coin Token Minting | KuCoin, SEC staff says token voters alone don't make a network a "central party" - Cryptopolitan, SEC says Canton Coin is a digital commodity, clears limited token issuance